Britain’s economy will barely grow in the run-up to Brexit amid concern the UK will leave the European Union without an agreement, but if there is a deal there will be a modest post-divorce upturn, according to economists polled by Reuters.
Over the past few years, Nigeria, Africa’s top oil exporter, has been beset by a multitude of problems, notably decreased crude production and exports, oil theft and pipeline attacks, stalled economic reforms and recovery, and the threat of oil price volatility. While the Nigerian oil industry has been cautiously optimistic about overcoming these upheavals in 2018, the nation has and will continue to face several acute challenges.
The global recovery has powered through into the new year, bringing with it expectations for tighter monetary policy, something that tends to be followed eventually by recession — and last time round, financial and economic shock.
Iran’s economy is starting to recover more rapidly from years of international sanctions but the country urgently needs to shore up its banks, a senior International Monetary Fund official said on Monday.